Bybit bonus

By participating in the bybit's promotion, you hereby agree to comply and adhere to the following bonus terms and conditions: 8 the accumulative deposit requirements are limited to BTC deposited after 14:00 UTC on november 28, 2019.

Top-3 forex bonuses

Bonus Terms and Conditions, bybit bonus.

Deposits in other currencies or currency conversion are not counted in the accumulation

Bonus terms and conditions

By participating in the bybit's promotion, you hereby agree to comply and adhere to the following bonus terms and conditions:

1 the equivalent in trading bonuses are calculated directly at the point of issuance and will immediately be credited into your account's BTC wallet. Bonus can be used as margin, trading/funding fee, and to cover potential losses incurred by trading on the platform. Trading bonuses aim to provide traders to experience trading risk-free while testing the platform's features and functionalities. Newly registered traders will receive a bonus for following bybit on our social media platform and also by placing a take profit / stop loss order in the order confirmation window when placing a new order. The profit gained from trading using the experience bonus can be withdrawn.

2 trading bonuses cannot be withdrawn under any circumstances. During the deduction of fees, trading bonuses will be deducted first before utilizing the trader's deposit.

3 the initial deposit coupon is only limited to 1 redemption per account and the initial deposit coupon will be credited based on the first deposit recorded into your assets history. The requirements may change from time to time due to varying market conditions and therefore they are currently as follows:

First deposit BTC≥0.05 / ETH≥2 / EOS≥120 / XRP≥1800 and receive $5 coupon； first deposit BTC≥0.5 / ETH≥20 / EOS≥1200 / XRP≥18000 and receive $50 coupon；

***disclaimer: the initial deposit coupon can only be redeemed once per account and is not applicable to traders who have previously made a deposit or have received the initial deposit coupon previously. The initial deposit requirement can be in BTC/ETH/EOS/XRP and only when the first-ever deposit into the bybit account meets the stated requirements, the system will then credit the corresponding coin type's initial deposit coupon into your account. Failure to meet the deposit amount requirement on your first deposit or subsequent deposits after redeeming an initial deposit coupon will be considered a non-qualification of requirements and will not receive the coupon.

4 trading bonuses cannot be used to perform an exchange into another coin type under assets exchange and also will not be able to use it to pay for any withdrawal mining fee.

5 obtaining the trading bonus under the TP/SL experience trading bonus can only be redeemable when a new order is placed and a take profit / stop loss is set up within the order confirmation window. Setting up a TP/SL inside the position tab within an existing open position will be considered a non-qualification and will not receive the bonus. A successful TP/SL placed after 28 november 1400 UTC will be able to redeem this bonus.

6 there is a 21 days effective period commences from the date of receiving the bonuses and non-activity within the effective period will result in the forfeiture of the bonuses. You may activate it by performing any trade during the effective period. Once activated, the bonus will never expire.

7 trading bonuses can be used as a trading margin, and any profits earned can be withdrawn as long as it meets the minimum withdrawal amount requirements.

8 the accumulative deposit requirements are limited to BTC deposited after 14:00 UTC on november 28, 2019. Deposits in other currencies or currency conversion are not counted in the accumulation

9 the accumulative transaction requirements are only calculated for the trading days after 14:00 UTC on november 28, 2019, and any trading activities before the stipulated date are not considered.

10 after the user submits the withdrawal request application and confirms it, all bonuses in the account will be immediately clear out from the account and all bonuses will not be returned.

11 involvement in any dishonest behavior or activities, such as multi-account registrations to churn bonuses, etc. Will result in immediate termination and forfeiture of all bonuses & profits earned from all associated accounts.

12 bybit reserves the absolute final rights to amend the bonus terms and conditions and regulations of the campaign without prior notice.

Bybit referral code up to $500 bonus + 20% discount on all fees in january 2021

Please use this bybit referral code and claim your $500 bonus after you signed up:

bybit referral code	l2l3v
bonus	up to 500 USD exclusive bonus, use voucher code: JACKPOT
payout term	immediately after completing task
condition	deposit the required amount

As a proud bybit customer you can multiple bonuses up to $500. To claim the bonus you have to do a small tasks, such as joining their social media channel. We tell you later in this article which bonuses you’ll get after entering the referral code. Please note that you have to claim the bonus yourself.

Bybit is a trading platform for cryptocurrency derivatives. It was established in march 2018 and is relatively new. Bybit aims to serve everyone from individual retail clients to professional derivatives traders by providing a fair, transparent and efficient trading environment. Currently, they are offering BTC, ETH, XRP, and EOS.

Learn more about this company in our bybit review.

What bonus do I get with the referral code?

The new users avail three different types of sign-up bonuses worth $100 in total:

Subscribe to bybit’s social channels ($5)

Make a first deposit:
1. Deposit 0.05 BTC and get a $5 bonus
2. Deposit 0.50 BTC and get a $50 bonus

Deposit 1 BTC and get a $20 bonus (on top of your first deposit bonus)

The other bonus of $15 is divided over 3 coupons:

Add a strategy alert in the app ($5)

Purchase a mutual insurance ($5)

Trade for 10 days in a row ($5)

The cumulative amount of all the bybit coupons and rewards is $100. Please note that you need to use your bonus for margin trading. It is not possible to just withdraw your bonus. You really need to trade. The bonuses can vary from month to month.

How to register with a bybit referral code?

Bybit provides two registration methods to its customers. One is email registration and the other is mobile registration. For registering yourself on bybit, please follow these steps:

Go to the bybit sign up page.

Select the option you want to select for registration: email registration or mobile registration.

Submit your email address and password and this bybit referral code: l2l3v

Your referral code is automatically added while registering. If not, then you can manually add l2l3v as the referral code.

Click on the register button and proceed.

You can now claim your bonuses.

Bybit referral code FAQ

What is the referral code?

The referral code is: l2l3v. This code can you provide to other non-existing users to join bybit.

The new bybit users avail the following three types of bonuses up to $100 in total.

What are the terms and conditions?

The following terms and conditions are to be followed when working with bybit.

1. Different bonuses that the users receive on bybit can neither be transferred nor withdrawn from their accounts.
2. The bonus amounts accumulated by the new users are eligible to be used as trading or funding fee. Moreover, these amounts can also be used to pay up for the potential losses incurred while trading and also as margins.
3. The initial deposit coupon is eligible for redemption only once per account and cannot be used again.

Bybit referral code – up to $90 bonus + get $10 from referral program

Just came for the bybit referral code / link: https://www.Bybit.Com/app/register?Ref=my4bg

Bybit is a new and an emerging cryptocurrency derivatives trading platform. Similar to bitmex, bybit also offers up to 100x leverage and it currently has the following products: BTC/USD, ETH/USD, EOS/USD and XRP/USD perpetual contracts. Also recently they’ve launched (tether) USDT perpetual contracts in an attempt to replicate spot market but with increased leverage.

Bybit have users from all over the world and is second to bitmex in liquidity. This exchange has recently gained popularity among the cryptocurrency trading community. It is safe, fast, most transparent and offers user friendly trading platform. If you are looking to diversify your leverage trading platforms then try bybit. It requires no KYC and is open to traders all over the world.

Claim bybit referral code

Referral code:my4bg

Referral link:https://www.Bybit.Com/app/register?Ref=my4bg

Referral bonus: up to $90 in bonus & coupons (details below)

Target market: global

Supported cryptocurrencies: bitcoin, ethereum, XRP, EOS and USDT

Leverage: up to 100x

Trading fees: maker fee (rebate): – 0.025%, taker fee: 0.075%

About bybit

Bybit is a singapore based cryptocurrency derivatives platform established in march 2018. The founding team at bybit is made of professionals from various fintech sector and is truly has an excellent support. This exchange is similar to bitmex but with notable differences. If you are currently on bitmex and decided to trade on bybit then here are few features to take note on.

Features:

Unlike bitmex which offers only bitcoin deposits, bybit allows you to deposit and trade with USDT, BTC, ETH, XRP and EOS.

Bybit has 24/7 multi-language customer service supporting both email and chat.

Liquidity is next to bitmex. $1 billion USD + in daily BTC volume.

Bybit is scalpers paradise. Offers one click stop loss / take profits when entering a position.

Up to $90 in welcome bonus. In addition to that from time to time bybit organizes airdrop events and conducts special promotion where you can win bitcoin.

No execution lag and no KYC. Just register using email or mobile phone number and start trading right away.

How to register on bybit using referral code

Opening an account on bybit is very simple. We highly appreciate if you sign up using our referral link below. By using this code you are helping support this website + you can claim up to $90 bonus in BTC.

Referral code: my4bg

To sign up all you need is a registered email address or a valid phone number. You can choose whichever method is convenient for you.

Once you’ve registered make sure to verify your account. If you’ve registered using email you’ll receive verification code to your email address. If you registered using mobile you’ll get an OTP to your registered mobile number. Once this verification is complete you are good to start trading.

Do not worry about entering code on registration page. Using the above link will include the discount automatically.

Great! Now that you’ve successfully signed up using our referral code let’s see how to claim the reward.

Claiming $90 referral bonus

You’ll get free $10 in trading capital for just registering on bybit. After which to claim another $50 make a valid deposit of 0.5 BTC or equivalent amount in ETH. It will be automatically rewarded to your account.

You’ll be awarded additional $20 in coupon if you deposit more than 1 BTC and start trading. However note that coupon discount cannot be withdrawn and is only usable as transaction fees.

Drop down your account at the top right corner and click on rewards hub to learn more about the rules and FAQ.

Are there any fee deduction upon using the referral code?

When using bitmex referral code you’ll get a 10% discount on trading fee. Currently there are no such offers applicable on bybit. However you can earn additional $10 through their referral program.

Get your own referral code & earn $10

Anyone who registers on bybit will get their own referral code. Drop down your account at the top right corner and click on referral program. Now grab the link or the referral code and share it with your friends and family.

You’ll earn $10 when your referral successfully registers on bybit and make an initial deposit of 0.02 BTC. There is no limit on number of referrals.

Bottom line

Bybit is highly focused on providing quality experience to its traders. It has enough liquidity. It is safe (your funds are in cold storage) and has extremely knowledgeable and prompt support.

After the rumors of bitmex KYC implementation, bybit has emerged as an number one alternative. Bitmex adding KYC may or may not happen in the future. Anyways keeping all your trading collateral on a single exchange is not a good move so bybit is a decent addition to your trading journey.

Note to new traders:

With all that said remember that if you are a beginner then you should stay away from leverage trading. It requires skill and we only recommend it for experienced traders who understands bitcoin trends and volatility. Nothing in this post is financial or trade advice. Kindly DYOR and trade safe.

Like this post? Check out our deals page for more referral codes, promos, discounts and bonus.

As always if you have any questions regarding bybit or its referral program then leave it in the comments below.

Bybit referral code up to $500 bonus + 20% discount on all fees in january 2021

Please use this bybit referral code and claim your $500 bonus after you signed up:

bybit referral code	l2l3v
bonus	up to 500 USD exclusive bonus, use voucher code: JACKPOT
payout term	immediately after completing task
condition	deposit the required amount

Learn more about this company in our bybit review.

What bonus do I get with the referral code?

The new users avail three different types of sign-up bonuses worth $100 in total:

Subscribe to bybit’s social channels ($5)

Make a first deposit:
1. Deposit 0.05 BTC and get a $5 bonus
2. Deposit 0.50 BTC and get a $50 bonus

Deposit 1 BTC and get a $20 bonus (on top of your first deposit bonus)

The other bonus of $15 is divided over 3 coupons:

Add a strategy alert in the app ($5)

Purchase a mutual insurance ($5)

Trade for 10 days in a row ($5)

How to register with a bybit referral code?

Bybit provides two registration methods to its customers. One is email registration and the other is mobile registration. For registering yourself on bybit, please follow these steps:

Go to the bybit sign up page.

Select the option you want to select for registration: email registration or mobile registration.

Submit your email address and password and this bybit referral code: l2l3v

Your referral code is automatically added while registering. If not, then you can manually add l2l3v as the referral code.

Click on the register button and proceed.

You can now claim your bonuses.

Bybit referral code FAQ

What is the referral code?

The referral code is: l2l3v. This code can you provide to other non-existing users to join bybit.

The new bybit users avail the following three types of bonuses up to $100 in total.

What are the terms and conditions?

The following terms and conditions are to be followed when working with bybit.

Bybit rewards hub and bybit referral program FAQ

Bybit rewards hub

Total amount that can be redeemed: $100

Q) how to apply for bybit trading bonuses and coupons?

1) A big deal coupon

Can only be claimed once

Minimum first time deposit (FTD) of BTC≥ 0.1 / ETH≥ 3 / EOS≥ 1270 / XRP≥ 12600 / USDT≥ 4000

48 hours begin from the time of successful account registration.

2) BTC deposit bonus

Can only be claimed once

Can be claimed if you complete any deposit in BTC on or after november 25 2020

3) social media coupon

Can only be claimed once

Follow bybit via either one of our social media platforms (twitter, instagram, facebook, youtube, telegram)

4) active trader coupon

Can only be claimed once

Trade for 7 accumulative days to qualify for this coupon

'active trader coupon' only counts the trading days after 9:00 UTC nov 29, 2020

Previous trading days will not be counted

5) total deposit coupon

Can only be claimed once

Make a deposit of no less than 1BTC after november 29 2020, at 09:00:00 UTC

Deposit in ETH/EOS/XRP and asset exchange do not qualify.

6) mutual insurance coupon

Can only be claimed once

Purchase BTCUSD mutual insurance on bybit PC webpage

7) take profit / stop loss coupon

Can only be claimed once

TP/SL must be placed inside order zone

Redeemable only if the TP/SL-enabled order has been successfully executed.

TP/SL added on the position tab does not qualify

8) new USDT trading pairs coupon

Can only be claimed once

Trade at least one USDT perpetual contract excluding BTCUSDT

Bybit referral program

Q) what is the bybit referral program?

It is a program that aims to reward all our existing loyal bybit traders to share the joy of trading on bybit with their friends, families, colleagues, and acquaintances. Traders can earn a USD 10 bonus (equivalent in BTC) immediately as long as their referred user has deposited at least 0.02 BTC, regardless of their trading volume.

All registered bybit traders are automatically enrolled in the bybit referral program.

Q) how to participate and get the bonus?

Bybit referral code – up to $90 bonus + get $10 from referral program

Just came for the bybit referral code / link: https://www.Bybit.Com/app/register?Ref=my4bg

Claim bybit referral code

Referral code:my4bg

Referral link:https://www.Bybit.Com/app/register?Ref=my4bg

Referral bonus: up to $90 in bonus & coupons (details below)

Target market: global

Supported cryptocurrencies: bitcoin, ethereum, XRP, EOS and USDT

Leverage: up to 100x

Trading fees: maker fee (rebate): – 0.025%, taker fee: 0.075%

About bybit

Features:

Unlike bitmex which offers only bitcoin deposits, bybit allows you to deposit and trade with USDT, BTC, ETH, XRP and EOS.

Bybit has 24/7 multi-language customer service supporting both email and chat.

Liquidity is next to bitmex. $1 billion USD + in daily BTC volume.

Bybit is scalpers paradise. Offers one click stop loss / take profits when entering a position.

Up to $90 in welcome bonus. In addition to that from time to time bybit organizes airdrop events and conducts special promotion where you can win bitcoin.

No execution lag and no KYC. Just register using email or mobile phone number and start trading right away.

How to register on bybit using referral code

Referral code: my4bg

To sign up all you need is a registered email address or a valid phone number. You can choose whichever method is convenient for you.

Do not worry about entering code on registration page. Using the above link will include the discount automatically.

Great! Now that you’ve successfully signed up using our referral code let’s see how to claim the reward.

Claiming $90 referral bonus

You’ll be awarded additional $20 in coupon if you deposit more than 1 BTC and start trading. However note that coupon discount cannot be withdrawn and is only usable as transaction fees.

Drop down your account at the top right corner and click on rewards hub to learn more about the rules and FAQ.

Are there any fee deduction upon using the referral code?

When using bitmex referral code you’ll get a 10% discount on trading fee. Currently there are no such offers applicable on bybit. However you can earn additional $10 through their referral program.

Get your own referral code & earn $10

You’ll earn $10 when your referral successfully registers on bybit and make an initial deposit of 0.02 BTC. There is no limit on number of referrals.

Bottom line

Bybit is highly focused on providing quality experience to its traders. It has enough liquidity. It is safe (your funds are in cold storage) and has extremely knowledgeable and prompt support.

Note to new traders:

Like this post? Check out our deals page for more referral codes, promos, discounts and bonus.

As always if you have any questions regarding bybit or its referral program then leave it in the comments below.

Bybit recently came up with another attractive promotion where you can save more on fees and additionally get bonus upon deposits.

You can grab up to $620 bonus on BTC deposits during this promo period.

Also bybit have recently listed 5 new USDT perpetual pairs: BTC / USDT, ETH / USDT, LINK / USDT, LTC / USDT and XTZ / USDT.

On all these USDT contracts you can get 30% fee discount.

The offer is valid only for the month of november and most of you currently trading on bybit know about this special promotion. Anyways we just thought of bringing this to your attention.

Below we’ve shared the code to participate and explained how to claim the bonus. All new and existing users can claim this bonus. If you don’t have a bybit account then please consider using our link to sign up on bybit. The use of our link is highly appreciated.

Now before you deposit, grab the deal and start trading here is something to know about trading on bybit. Particularly for those who are new to trading bitcoin using leverage.

Trading on bybit:

Bybit is a popular cryptocurrency derivatives trading exchange established in 2018. In a short period of time it has attracted many traders from all over the world and is currently the number 1 bitmex alternative.

It aims to serve every users from individual retail to professional derivatives traders. Similar to bitmex; bybit also has the following products: BTC, ETH, XRP and EOS perpetual contracts. These are coin margined inverse perpetual contracts. Other than that bybit also offers USDT margined USDT perpetual contracts for the following coins: BTC, ETH, LINK, LTC and XTZ.

Now bybit is a leverage trading platform and not a spot exchange. Meaning you are not actually buying bitcoin or altcoins with fiat currency. Here you can only go long or short with your crypto. That is you can deposit and trade with bitcoin, ETH, XRP, EOS, LINK, LTC and XTZ with up to 100x leverage.

During this volatile crypto market you sure can earn some extra bucks. However do note that trading using leverage is a skill and is only recommended for experienced traders. If you are not sure how to trade then we suggest you to read guides before using bybit.

If you are an experienced trader then bybit is the best platform where you can trade crypto. You can register using your email or mobile number. Also there is no KYC procedures. You can simply trade anonymously.

Bybit have decided to give away all new and existing users a bonus of up to $500 and here is how you can claim them.

Voucher code for $500: WIN$500

Valid: from 2 nd nov to 10 th dec

Here is how it works. After you enter the voucher code you’ll have to deposit bitcoin to grab the bonus. If you deposit ≥ 0.05 BTC you’ll get $50. If you deposit ≥ 0.1 BTC you’ll get $100 and to get $500 you need to deposit ≥ 1.5 BTC. Refer to the table below.

Net deposit*	bonus (in BTC)
tier 1	≥ 0.05 BTC	$50
tier 2	≥ 0.1 BTC	$100
tier 3	≥ 0.5 BTC	$300
tier 4	≥ 1.5 BTC	$500

You can only receive any one of the following bonuses and you should hold the deposit during the event period.

Event period: nov. 2, 2020, 10AM (UTC) to dec. 10, 2020, 10AM (UTC)

In addition to that you’ll get a guaranteed $20 coupon with or without any deposits. Also if you’ve not claimed previously then there is an additional $100 bonus / coupons to claim from the rewards hub.

Note: all bonuses / coupons will be sent in BTC and these bonuses cannot be withdrawn. You can only use them towards your trading.

Applying 30% fee discount

Another attractive promotion is 30% fee discount on all USDT trading pairs.

To redeem this 30% off on trading fees use the following code.

Code: USDT30%OFF

Go to rewards hub and enter this code. You’ll get 30% discount on all USDT contacts which is only valid till 25 th of nov.

After redeeming the code you should get a notification pop up stating that the offer is redeemed.

This offer is limited! Make sure you don’t miss out. Register on bybit using our link, redeem the code and start trading.

We hope you enjoy the promotion and win big in bybit’s bonus giveaway! Also we hope you save more from the fee discount!

Bybit review 2021 | leverage trading, fees, bonus and testnet

In this article, we will review bybit, a crypto derivatives exchange that was launched in march 2018 on british virgin island. It has more than one million registered users and focuses on experienced traders. Bybit is easy to use and has a user-friendly interface. It can handle 100,000 transactions per second. Bybit offers perpetual futures with up to 100 x leverage.

Summary

Margin trading with up to 100x leverage.

Three types of order — market, limit, and conditional.

USDT and inverse perpetual contracts.

Quick and safe deposits/ withdrawals.

Robust security management using SSL communication, two-factor authentication, and an advanced mark and index pricing system.

Integration with best trading bot services.

Bybit testnet to know how the platform works before investing real funds.

A user-friendly and intuitive user experience.

Apps available in android and ios to track information on the go.

Referral incentives and affiliate programs to earn passive income.

Insurance fund and mutual insurance for risk management.

A 24/7 extensive customer support.

Take part in the latest bybit 25 BTC christmas competition, earn exclusive bybit xmas hampers, iphone 12 pro, ledger nano X and claim up to $620 rewards! Use this link .

How to create a bybit account? How does bybit work?

To create an account, you have to visit the bybit website and enter your email and password. You will receive a verification code in your registered email. The verification code will be valid for five minutes. Once you confirm it, your account will be created.

Bybit is an entirely anonymous exchange, therefore, know your customer (KYC) is not mandatory.

Bybit leverage

Bybit offers you 100x leverage. You will have to put up a margin of 1% as the initial notional amount. You can adjust the leverage after opening a position, which is not offered by many other exchanges.

Each perpetual contract on the exchange is 1 USD. Bybit also offers futures contracts on ripple and EOS with leverage of 25x.

If you are trading in large volumes and entering sizable positions, the leverage could be less. As your position size increases, your initial margin also increases. You can check the risk limits here. The maintenance margin is 0.5% for contracts irrespective of their size.

Type of orders

Bybit offers three types of orders.

Market order: they are placed at the prevailing market price. They are placed as “bid” if it is a sell and “ask” if it is a buy.

Limit order: they are placed at a specific level away from the market.

Conditional order: once specific levels are reached, it acts as a market or limit order.

You have to define trigger price, leverage, quantity, and direction.

The order is applicable for a certain period, also known as order life. There are three types of order life-

Good-till-canceled (GTC) — these orders are valid until you choose to close them.

Immediate-or-cancel (IOC) — you have to fill them immediately at the best price. The unfilled portions will be canceled. Therefore allowing partial order execution. Hence there is a risk attached that the order may not even execute.

Fill or kill (FOC) — it means no partial execution, orders will be filled completely or not at all.

Bybit contracts

Bybit offers two main types of perpetual contracts inverse and USDT.

For USDT, USD is a base currency, and tether is a stable coin. The collateral value is one dollar, and tether acts as the underlying margin. Bybit offers BTCUSDT, ETHUSDT, LINKUSDT, XTZUSDT, and LTCUSDT.

For inverse contracts, the cryptocurrency acts as the underlying margin. If you are not trading in bitcoin, then it falls under the inverse perpetual contract. They are 1 USD in value. Bybit offers BTCUSD, ETHUSD, EOSUSD, and XRPUSD.

Bybit review: deposits

You can use the bybit fiat gateway to deposit fiat and convert it into BTC, USDT, and ETH. You can enter the desired amount, then you have to choose your preferred service provider. After the completion of the transaction, you can check your balance on bybit’s assets page.

You have to generate a wallet address if you want to deposit crypto directly. You can do the same under the assets section. You have to initiate the transaction once you have the address. It takes some time for this process to get completed. Meanwhile, you can monitor the progress in blockchain explorer.

Bybit withdrawals

You have to click the withdrawal button on the desired asset and enter the wallet address. Then, you have to confirm the transaction using two-factor authentication. Additionally, you need to pay the miner fee, which is a small amount.

All accounts have withdrawal limits though they are not very restrictive.

Bybit also has limits on daily withdrawals to ensure they have funds in their hot wallet. They are 100 BTC and 10,000 ETH. If the funds are depleted, you have to wait for bybit to transfer them from the cold wallet.

Bybit fees

Whenever you are using a cryptocurrency exchange, you will either act as a maker or taker. Makers increase the depth of the order book and provide liquidity. Takers take liquidity off the order book.

Market orders are always executed as takers, while limit orders can be maker or takers. Market orders are immediate orders, whereas limit orders are not immediate.

If you are a taker, you have to pay 0.075%, while if you are a maker, you can earn a 0.025% rebate. Bybit makes 0.05% of the transaction from maker and taker fees.

Spot trading fees are above 0.2%. They are 3 to 15x higher than perpetual contract trading.

You will pay the following fees for futures contracts in bybit.

The financing charge, also known as the “overnight” rate, is directly exchanged between the traders and not bybit. You will either pay the financing charge or receive it.

You are not charged for depositing your funds. You will be charged a miner or network fee while withdrawing your funds, which is relatively small.

You will have to pay a $5 fee for any asset exchange orders for exchanging physical crypto at the spot.

Bybit funding fee

The daily USD and underlying interest is 0.06% and 0.03%, respectively. The fund rate interval is three, which is once every eight hours. The current interest rate is 0.01%. The funding fee is calculated by position value multiplied by funding rate. The interest rate is calculated by USD interest subtracted by underlying asset interest divided by funding rate.

Bybit calculator

Bybit calculator allows you to use your current account information and calculate profit, loss, liquidation, and target price. You can manage your position easily using this. The calculator is available on the top right of the website.

You can calculate the profit and loss, excluding fees using this formula — quantity of contracts (1/entry price — 1/exit price).

Additionally, you can calculate the profit and loss percentage as (profit &loss /open value) * 100% open value: quantity of contracts/entry price.

You can calculate the return of investment(ROI) as the ratio of return on assets to the initial margin used in the position.

Bybit trading bot

3commas has integrated with bybit to provide bybit trading bot that can buy and sell your crypto assets programmatically. You can copy trading strategies from the best portfolios or choose from simple, short, composite, and composite short bots. You just need to link your bybit account to the 3commas trading platform using the API keys.

Bybit testnet

Bybit testnet is for those who want to test the platform before signing up. You can make demo accounts and check how orders work. You can get the demo coins from the testnet faucet. In addition, you can follow this guide to understand the borrowing of demo coins. On the testnet, you will get a minimal amount of bitcoin as it has a release rate of 0.01 BTC per hour.

Bybit review: user experience

Bybit is a user-friendly platform and you can easily toggle between wallets, account management, BTC, and ETH futures market. In addition, you have the trading charts on the left, the order book in the middle, and contract details on the right-hand side. It also offers a night mode.

Bybit review

Within the world of cryptocurrency, it is possible to buy and sell cryptocurrency in different ways. Beginners will start on cryptocurrency brokers which provide a low entry level and you will find the more experienced traders on exchanges. Experienced traders use more advanced tools like trading bots and leverages. When these last terms mean nothing to you, it is best to stay away from bybit. The availability of bybit is subjected to regulation.

In this bybit review we’re going to discuss an exchange which mainly focuses on trading with extra instruments. It is definitely worthwhile to put the more complicated exchanges under a magnifying glass and tell you what we think of them. On this page you also have the possibility to leave your own experience using our rating system.

Get up to a $500 crypto bonus with a deposit of 0.01 BTC or more

What is bybit?

Bybit is officially established on the british virgin islands and has an office in singapore. The exchange was launched in march 2018, making it a fairly young player on the market.

Bybit focuses on the more experienced traders, and the platform may be risky if you don’t know what you’re doing. Make sure you know exactly what you are doing with this platform and do not use unnecessarily high leverages. The risk of losses are bigger than with a spot exchange.

They have grown in a short period of time to a major player in the bitcoin derivatives industry. Experienced traders are especially charmed by the speed of the platform and the ease of use. Bybit says it can handle 100,000 transactions per second. This has the advantage that you won’t lose money during trading when the platform is overloaded or when the price makes quick moves. This also means that the platform is ready for the future.

Because of the ever-growing popularity, all exchanges will become more and more crowded, so a lot of transactions per second is no unnecessary luxury.

Especially in the functionalities, bybit distinguishes itself from the rest. For example, you can trade on the platform with margin. With some cryptocurrency it is even possible to apply a leverage of 100x. With a leverage you can make a lot of profit with a relatively small deposit, but you can also lose it just as quickly. With a leverage of 100x this is certainly the case. Truly a functionality for the more experienced trader, or rather the gambler.

The fact that bybit is especially suitable for experienced traders does not mean that there is no support available. You can ask questions 24/7 using the live chat. The chat is completely in english. So, bybit is a very open platform and we like to see that. Just like we see at binance.

How to create a bybit account?

Creating an account on bybit is very easy and that is mainly because bybit doesn’t need a lot of personal data of you. What you notice with many brokers and exchanges, is that you need to verify some data before you can start. This is not the case for bybit. Only an email address or phone number is sufficient. After activating your account via e-mail or SMS, you can get started right away. It gives us a bit of a strange feeling, but actually, an exchange doesn’t need anything else from you. You can read why bybit doesn’t need your bank details below.

If you register an account using our link, you’ll receive a bonus of $ 10 after your account is created and a bonus up to $90 for doing small tasks. This credit cannot be withdrawn and it must be used for trading on the platform. If you have benefited from our bybit review, you can support our blog by registering using our link.

How does bybit work?

With bybit, you can open trades the same way you might know it from bitmex. Bybit allows you to deposit bitcoin, ethereum, EOS or ripple to start trading. They implemented a fiat to crypto gateway in 2020 which makes it possible to deposit fiat with easy payment methods. The fees for these methods are most of the time higher than when you use a broker.

If you don’t have a cryptocurrency yet, we recommend that you buy it using the bitvavo exchange (europe only). They offer a very low fee for euro transactions in combination with easy payment methods. Please see our guide how to buy crypto with bitvavo.

Depositing bitcoin at bybit

If you already own one of the supported coins, you can easily send them to your unique bybit wallet address. If you don’t own crypto yet, you can also buy crypto and send it to the platform, we’ve described how to do this below:

Register an account with bitvavo (bitvavo charges only 0.25% commission and you can trade the first € 1000 at 0% commission).

Buy bitcoin or any other supported currency and pay with an easy payment method (see here a step by step explanation on how to buy crypto from bitvavo).

A popup opens with your unique wallet address.

At bitvavo go to the overview of the coin you just bought and click here on withdraw.

Enter how much you want to send to bybit and your deposit address from bybit. Make sure you send the right coin to the right address and copy the address carefully. Errors can cause you to lose your crypto forever.

Click continue and confirm the transaction via email.

Within 30 minutes everything is sent and confirmed by bybit and you can start trading.

How bybit works instruction video

This bybit review is nothing without an extensive instruction. The video below is made by sunny and he explains how you can easily use bybit, including the different functionalities.

For every trade you are able to set up a leverage and you can indicate whether you want to go long or short. Every trade on bybit is going to take place via two parties. One party is the market maker. A maker places an order in the order book for the future. So, a maker makes sure that the exchange has money in its hands and provides liquidity within the exchange. A maker receives a reward for this. You can read more about this below in this bybit review. The other party is the market taker, who places an order equal to that of the maker. A maker creates the order book and a taker removes a transaction from the order book. Only a market maker gets rewarded and stimulated for creating the order book.

Bybit bonuses up to $620

New bonus until february 5: make a deposit before february 5, 2021 and receive a bonus of up to 620 USD. The 500 USD voucher bonus, 20 USD guaranteed bonus and 100 USD rewards hub.

≥ 0.01 BTC = $15

≥ 0.05 BTC = $50

≥ 0.1 BTC = $100

≥ 0.5 BTC = $300

≥ 1.5 BTC = $500

Bybit tries to attract new customers by offering generous bonuses. This tactic catches on, because the volumes of this exchange and the liquidity are getting higher and higher. In order to claim bonuses, you have to perform several tasks. Read below what you need to do exactly.

Follow the twitter channel and receive $5

Use a take profit and a stop loss and get $5

Deposit a minimum of 0.5 BTC and receive $50

Fill out a survey and receive $5

Trade 10 days in a row and get $5

Deposit a total of 1 BTC and receive $20

The bonuses and rewards change frequently, please see the prize page for all active rewards: must be redeemed on this page

Please note that the bonuses need to be used for trading with margin. Only when you make profits with the bonuses you will be able to withdraw it. So, it is not the case that you get it credited to your account and you can withdraw it immediately. A bonus is only active for 21 days and expires after this period. You will be notified 7 days before your bonus expires.

Bybit vs bitmex

Let’s be honest. The most popular cryptocurrency exchange where you can trade with a leverage is bitmex. Due to the continuing problems, more and more traders are moving to other exchanges. Bitmex has been an autocrat for a long time and don’t always listen to its customers. Because of this, new platforms are able to improve the flaws of bitmex.

Bybit is a no-KYC exchange and bitmex is going to implement KYC in october 2020.

Bybit is easier to use than bitmex (more user friendly, set up stop-losses immediately after taking a position, clear explanations, etc.).

Bybit has more possibilities to deposit and withdraw cryptocurrency. With bitmex, you can only deposit or withdraw bitcoin. Bybit allows you to deposit/withdraw bitcoin, ethereum, ripple, and EOS. In the future, even USDT will be added.

Bybit claims to be 10 times faster than bitmex (we’ll have to see this in the future when bybit gets more volume and visitors).

Bybit offers 24/7 customer support.

Bybit has less volume and fewer clients than bitmex, giving them less liquidity.

Bitmex has been active for 5 years and has never been hacked, bybit hasn’t either, but only exists for one year.

At bybit it is very clear what your profits and losses are.

So, let's see, what we have: by participating in the bybit's promotion, you hereby agree to comply and adhere to the following bonus terms and conditions: 1 the... At bybit bonus